Global Heat Exchanger Market 2014-2018

ReportsnReports.com adds report Global Heat Exchanger Market 2014-2018
to its store.Global Heat Exchanger market to grow at a CAGR of 8.31 percent over the
period 2013-2018. One of the key factors contributing to this market
growth is the increasing industrial activities in developing countries.
The Global Heat Exchanger market has also been witnessing the increasing
adoption of energy-saving equipment. However, the increasing
competition due to entry of new vendors could pose a challenge to the
growth of this market.

Heat
exchangers are widely used in industrial oil coolers, boiler coolers, chilled
water systems, transmission and engine coolers, condensers, and evaporators
in refrigeration systems. These applications incur excessive loss of energy
during the transfer of heat. Many industries are adopting high-end
energy-saving heat exchangers to mitigate the erosion of their revenue, which
is largely due to the rise in the cost of energy. Heat exchanger
manufacturing companies such as Alfa Laval AB and GEA Group are investing
heavily in R&D to develop energy-efficient heat exchangers. This trend is
expected to contribute toward the growth of the Global Heat Exchanger market
during the forecast period.

According to the report, increasing industrial activities in developing
countries is a crucial driver boosting the market. Process and discrete
industries in these countries have been expanding their manufacturing
operations worldwide, which in turn is boosting the Global Heat Exchanger
market.

Further, the report states that one of the main challenges in this market
is the increasing competition brought in by the entry of new vendors. The new
vendors offer their products at a cheaper price, which makes the pricing more
competitive and erodes the profit margins of the major players.

Global Heat Exchanger Market 2014-2018, has been prepared based on an
in-depth market analysis with inputs from industry experts. The report
covers the Americas, APAC and EMEA regions it also covers the Global
Heat Exchanger market market landscape and its growth prospects in the
coming years. The report also includes a discussion of the key vendors
operating in this market.

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